Homework Answers
| 1 | Computation of total manufacturing overhead Cost allocated | |||||||||||||
| 1 | Computation of budgeted hours per unit | |||||||||||||
| Budgeted DLH/ | Budgeted units | = | Budgeted hours per unit | |||||||||||
| 3360000 | / | 672000 | = | 5.00 | ||||||||||
| 2 | Computation of manufacturing overhead are located | |||||||||||||
| Budgeted hours per unit*Total MOH rate* Actual Units = Total MOH Cost allocated | ||||||||||||||
| = | 5*$0.99*72000 | = | $ 356,400.00 | |||||||||||
| 2 | Computation of variable manufacturing overhead spending variance | |||||||||||||
| variable manufacturing overhead spending variance | = | actual rate per hours* actual hours | - | Standard rate per hours* actual hours | ||||||||||
| = | ($84000+$117000) | - | $0.5*321000 | = | $ 40,500.00 | U | ||||||||
| 3 | Computation of fixed manufacturing overhead spending variance | |||||||||||||
| fixed manufacturing overhead spending variance | = | Actual Overhead | - | Budgeted Fixed Overhead | ||||||||||
| = | (41000+55000+58800) - (47600+30800+58800) | = | $ 17,600.00 | U | ||||||||||
| 4 | Computation of variable manufacturing overhead efficiency variance | |||||||||||||
| variable manufacturing overhead efficiency variance | = | Standard rate per hours*Standard hours | - | actual rate per hours* actual hours | ||||||||||
| = | (5*72000)*$0.5 | - |
($0.5*321000) |
= | $ 19500.00 | F | ||||||||
| 5 | Computation of Production Volume variance | |||||||||||||
| Production Volume Variance | = | (Actual units produced - Budgeted units produced) x Budgeted overhead rate | ||||||||||||
| = | (72000 - (672000/12))*$4.95 per unit | = | $ 79,200.00 | F | ||||||||||
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